WEC Energy (WEC) Tops Q1 EPS by 11c, Revenues Miss; Reaffirms FY20 EPS Outlook

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Go back to WEC Energy (WEC) Tops Q1 EPS by 11c, Revenues Miss; Reaffirms FY20 EPS Outlook

WEC Energy Group reports first-quarter results

May 4, 2020 7:00 AM EDT

MILWAUKEE, May 4, 2020 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today reported net income of $452.5 million, or $1.43 per share, for the first quarter of 2020 up from $420.1 million, or $1.33 per share, for the first quarter of 2019.

Consolidated revenues totaled $2.1 billion, down $268.8 million from last year's first quarter.

"We delivered another solid quarter, despite mild winter temperatures and an economic downturn that began in late March as businesses closed to slow the spread of COVID-19," said Gale Klappa, executive chairman. "In the months ahead, we will continue to focus on employee safety and on... More